Topic 4

Question 1

Anchored Rating Scale

Answer 1

Uses examples or definitions of typical behaviors to define each point along the scale.

Question 2

Benchmark Jobs

Answer 2

A sample of jobs that is representative of the type, content, and level of jobs in the organization.

Question 3

Compensable Factor

Answer 3

Job elements or criteria that identify what the organization values for purposes of job evaluation. Idenifying compensable factors is step one in the Point factor Approach.

Question 4

Face Validity

Answer 4

The extent to which the system produces relative job values that appear to be accurate and credible. This concept is applied during Step Four of the Point Factor Approach to job evaluation.

Question 5

Factor Weighting

Answer 5

The process of deciding how important compensable factors are to the organization. It is Step Three in the Point Factor Approach to job evaluation.

Question 6

Individual-based Approach

Answer 6

Assumes that rewards should be based upon the characteristics of the person holding a job.

Question 7

Internal Reward Alignment

Answer 7

The extent to which an organization’s Total Rewards System aligns each employee’s rewards with those received by others in the organization.

Question 8

Job Analysis

Answer 8

Yields a catalogue of Job Descriptions.

Question 9

Job Descriptions

Answer 9

Descriptions that detail the work done in the organization.

Question 10

Job Evaluation

Answer 10

The process by which the value of each job in an organization is established. Methods include the Classification Approach, the Job Comparison Approach, and the Point Factor Approach.

Question 11

Job Structure

Answer 11

An organized listing of the business’s jobs that functionally groups and hierarchically arranges the jobs for rewards purposes.

Question 12

Job-based Approach

Answer 12

Assumes that organizations provide rewards based upon the job that a person holds.

Question 13

Job-value Structure

Answer 13

Represents the structure of jobs internally positioned according to their relative value.

Question 14

Performance-based Approach

Answer 14

Assumes that rewards should be based upon the performance or results produced by an employee.

Question 15

Rating Scales

Answer 15

Tools used to measure compensable factors in step two of the Point Factor Approach. Rating scales include Graphic RatingScales, Anchored Rating Scales, and Variable Distance Scales.

Question 16

Variable Distance Scale

Answer 16

Uses different point distances between each level in the scale which allows an organization to measure compensable factors in a way that takes into account the “natural breaks” in the factor being measured.